JP Morgan CEO Jamie Dimon Faces Charges of Market Abuse

Article 12

A European algorithmic liquidity provider, Blockswater filed a market abuse claim against both JP Morgan and Jamie Dimon with the Swedish Financial Supervisory Authority. Blockswater claims that Dimon violated Article 12 of the European Union’s Market Abuse Regulation (MAR) because he called Bitcoin a “fraud” then bought the dip.

Florian Schweitzer, a managing partner at Blockswater, even stated: “Jamie Dimon’s public assertions did not only affect the reputation of bitcoin, they harmed the interests of some of his own clients and many young businesses that are working hard to create a better financial system.”